MML Investors Services LLC grew its holdings in DTE Energy Co (NYSE:DTE) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,019 shares of the utilities provider’s stock after purchasing an additional 697 shares during the period. MML Investors Services LLC’s holdings in DTE Energy were worth $1,097,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Boston Partners bought a new stake in shares of DTE Energy in the 4th quarter valued at approximately $156,376,000. BlackRock Inc. grew its stake in shares of DTE Energy by 3.2% in the 4th quarter. BlackRock Inc. now owns 15,036,122 shares of the utilities provider’s stock valued at $1,645,854,000 after buying an additional 460,371 shares in the last quarter. Duff & Phelps Investment Management Co. grew its stake in shares of DTE Energy by 25.8% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,290,325 shares of the utilities provider’s stock valued at $141,239,000 after buying an additional 265,000 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of DTE Energy by 50.3% in the 4th quarter. Wells Fargo & Company MN now owns 512,627 shares of the utilities provider’s stock valued at $56,113,000 after buying an additional 171,483 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of DTE Energy by 10.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,815,093 shares of the utilities provider’s stock valued at $194,869,000 after buying an additional 169,341 shares in the last quarter. Institutional investors own 68.43% of the company’s stock.
In other news, CEO Gerard M. Anderson sold 12,500 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $102.53, for a total value of $1,281,625.00. Following the completion of the sale, the chief executive officer now directly owns 87,358 shares of the company’s stock, valued at $8,956,815.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lisa A. Muschong sold 1,341 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $100.97, for a total value of $135,400.77. Following the completion of the sale, the vice president now directly owns 2,676 shares of the company’s stock, valued at $270,195.72. The disclosure for this sale can be found here. Insiders sold 21,521 shares of company stock valued at $2,189,173 over the last three months. 0.53% of the stock is owned by company insiders.
DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Friday, February 16th. The utilities provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.07. DTE Energy had a return on equity of 10.24% and a net margin of 8.99%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the business earned $0.81 earnings per share. equities analysts forecast that DTE Energy Co will post 5.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Monday, March 19th will be given a $0.8825 dividend. The ex-dividend date is Friday, March 16th. This represents a $3.53 annualized dividend and a dividend yield of 3.50%. DTE Energy’s dividend payout ratio is 55.77%.
A number of equities research analysts have issued reports on DTE shares. KeyCorp reaffirmed a “buy” rating and set a $118.50 target price on shares of DTE Energy in a research report on Friday, December 15th. Guggenheim reaffirmed a “buy” rating and set a $121.00 target price on shares of DTE Energy in a research report on Wednesday, January 3rd. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Wells Fargo & Co raised DTE Energy from a “market perform” rating to an “outperform” rating in a research report on Friday, January 12th. Finally, UBS Group started coverage on DTE Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $108.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. DTE Energy presently has an average rating of “Hold” and an average price target of $111.55.
DTE Energy Profile
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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